LEWIS AND CLARK R.V. PARK & GOLF COURSE
RV Park/Campground for Sale in Astoria, Oregon
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RV Park/Campground for Sale
|Number of RV Lots:||45|
|Posted on:||Jun 03, 2011|
|Updated on:||Jul 06, 2012|
This beautiful 56 acre development consists an RV Park on 10.84 acres of Commercial property adjoining a well maintained, 45 acre nine-hole Golf Course near historic Astoria Oregon, the Columbia River and Pacific Ocean beaches.
There are on site walking trials and nearby access to ocean beaches, Columbia River, Fort Stevens State Park, Fort Clatsop Lewis and Clark National Park, Public Marina, Historic Astoria, Museums, Restaurants and many other exciting year-around tourist activities.
Fishing, Hunting, Crabbing Boating and other water sports are outstanding.
The Lewis and Clark R.V. Park and Golf Course is a relatively new venture that is still in the process of development. Therefore, there is a limited past financial history, but with a very promising future.
Sewer service was connected to the RV Park in April 2010. The previous absence of sewer service limited their occupancy, revenue and their ability to complete the park. With the addition of sewer service and the completion of the R.V. Park, the projected annual income should dramatically increase. Upon completion, there will be 86 spaces available for annual and monthly lease to â€œPark Modelsâ€ and Recreational Vehicles plus daily rental to Recreational Vehicles.
By June 30, 2010, the current configuration of the RV Park will include 45 R.V. spaces, 11 of which are long term or monthly rentals. In addition, there are currently three â€œPark Modelâ€ monthly rentals and one â€œPark Modelâ€ daily rental owned by the development. There are two privately owned units leasing space.
As currently developed, the Lewis & Clark R.V. Park includes the following:
Three Park Model rental units*
Deluxe Park Model for daily rental*
Golf Course office*
RV Park Restrooms and Meeting Room*
45 RV Spaces for monthly and daily use
10.84 Commercial Acres
45 Acre Nine-Hole Golf Course with 12 acres zoned Residential
Two privately owned Park Model units leasing space
In addition to the current development it is possible to purchase an adjoining 2.23 commercial acres with a 5300 SF Nursery building built in 2007. This building can be operated as a nursery or as an addition to the Golf Course or RV Park. There is also 10 Acres of outstanding development property with territorial and river views, available for purchase. It adjoins the Golf Course and is zoned for 32 homes. A new grocery store and sports bar located adjacent to the RV Park and Nursery, is planned for construction this year
The current asking price for the RV Park and the Golf Course is $2,500,000. The Seller is willing to carry back 50% at market rates for qualified purchasers. At the asking price, we project a 10% cap rate which would increase to 18% when the additional 36 spaces are added to the R.V. Park after the $180,000 cost of completing the development.
There are several possible combinations of property. In addition to the combined R.V. Park and Golf Course priced at $2,500,000 the following property combinations are available:
R.V. Park and Golf Course 56 Acres $2,500,000
Golf Course alone 45 Acres $ 650,000
Nursery Business 5300 SF building on 2.29 acres $ 598,000
Development Property 10 View Acres $1,250,000
A substantial discount is offered for purchase of multiple parcels.
Financial information and projections will be available to qualified buyers.
Please visit our web site at www.astoriaoregonrvpark.com
The information and projections contained in the above analysis is based upon information provided by the Seller and is correct to best of our knowledge. Potential purchasers should verify amounts utilizing their experts. Detailed financial information will be provided to qualified Buyers.
RV Space Information
|Number of RV Lots:||45|